GRAHAM REVITALIZATION ECONOMIC ACTION TEAM - GREAT

EIN: 113780559 501(c)(3) Community Improvement

Robbinsville, NC

Total Revenue
$5,188
Total Expenses
$64,573
Total Assets
$84,341
Net Assets
$83,203
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
2005
Legal Domicile
NC
Principal Officer
J Michelle Shiplet
Phone
8287351215
Tax Period
2022-07-01 to 2023-06-30

GRAHAM REVITALIZATION ECONOMIC ACTION TEAM - GREAT, founded in 2005, is a micro nonprofit in the Community Improvement sector that reported $5K in total revenue in fiscal year 2022. Revenue fell 97% from the prior year — a significant decline worth monitoring. Expenses of $65K exceeded revenue, resulting in a 1145% operating deficit.

Mission

GREAT is a partnership of Citizens that address the health, social, economic, education and recreational needs of Graham County residents while preserving our cultural heritage and natural resources and instilling pride in our community and place.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $4,960
Program Service Revenue $0
Investment Income $212
Other Revenue $16
TOTAL REVENUE $5,188

Expense Breakdown

Grants Paid $0
Salaries & Benefits $24,813
Fundraising Expenses $0
Program Expenses $36,261
Other Expenses $39,760
TOTAL EXPENSES $64,573

Year-over-Year Comparison

2022 2021 Change
Revenue $5,188 $205,270 -1.0%
Expenses $64,573 $211,013 -0.7%
Net Income $-59,385 $-5,743 +9.3%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
15
Independent Members
N/A
Employees
1
Volunteers
60

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
3
$0
Total Directors
10
$0
Key Employees
1
$23,050
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Michelle Shiplet Executive Director 5
Key Emp
$23,050 $0 $23,050
Jim Baker board member 3
Director
$0 $0 $0
Mary Griffin board member 3
Director
$0 $0 $0
Dick Evans Board member 3
Director
$0 $0 $0
Mary Millsaps Board member 3
Director
$0 $0 $0
Erica Sawyer board member 3
Director
$0 $0 $0
Eric Shoemaker Member 3
Director
$0 $0 $0
Angie Knight Member/Committe Chair 3
Director
$0 $0 $0
Angelina Jumper Member/Committe Chair 3
Director
$0 $0 $0
Shea Anderson Member 3
Director
$0 $0 $0
Brady Cody Member 3
Director
$0 $0 $0
Pam Schaffer Treasurer 3
Officer
$0 $0 $0
Valerie Frapp Board Chair 3
Officer
$0 $0 $0
Beth Booth Secretary 3
Officer
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2023 $5,188 $64,573 $84,341 $-59,385
2022 $205,270 $211,013 $143,747 $-5,743
2021 $89,311 $126,195 $149,400 $-36,884
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